project work
IMPLICATION OF MERGERS AND ACQUISITIONS THEIR EFFECTS ON BANKS PERFORMANCE (A CASE STUDY OF UNITED BANK FOR AFRICA UBA)
ABSTRACT
This research work was aimed at determining the implication of mergers and acquisitions their effects on banks performance as regards to United Bank for Africa (UBA). In this study, the objectives of the researcher is to Find Out the financial implications of mergers and acquisitions in Nigeria commercial bank sector. Whether mergers and acquisitions can solve the problem of financial insolvency. If there is any benefit to be derived from mergers and acquisitions whether survival, growth and benefits (ie profit maximization) commercial banking sector can only be achieved through mergers and acquisitions. Can mergers and acquisitions be a tool for performance evaluation. The researcher was a survey as stated. The instrument used was questionnaire. The data collected was analyzed and tabulated. The result revealed that banking sector in Nigeria could perform well,grow and maximize profit through mergers and acquisitions. Ideological problem may arise in setting organizational goals as a result of the fusion. There are some legal aspect attached to them which is based either on their economic effects or legal states. It also revealed that many shareholders has not knowledge of the impact of mergers and acquisitions. Above all, the researcher gave some recommendations, which would benefit the banking and all other investors if strictly adhered to.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The relevance of banks in the economy of any nation cannot be overemphasized. They are the cornerstones of the economy of a country. The economies of all market-oriented nations depend on the efficient operation of complex and delicately balance systems of money and credit. Banks are an indispensable element in these systems. They provide the bulk of the money supply as well as the primary means of facilitating the flow of credit."
ABSTRACT
This research work was aimed at determining the implication of mergers and acquisitions their effects on banks performance as regards to United Bank for Africa (UBA). In this study, the objectives of the researcher is to Find Out the financial implications of mergers and acquisitions in Nigeria commercial bank sector. Whether mergers and acquisitions can solve the problem of financial insolvency. If there is any benefit to be derived from mergers and acquisitions whether survival, growth and benefits (ie profit maximization) commercial banking sector can only be achieved through mergers and acquisitions. Can mergers and acquisitions be a tool for performance evaluation. The researcher was a survey as stated. The instrument used was questionnaire. The data collected was analyzed and tabulated. The result revealed that banking sector in Nigeria could perform well,grow and maximize profit through mergers and acquisitions. Ideological problem may arise in setting organizational goals as a result of the fusion. There are some legal aspect attached to them which is based either on their economic effects or legal states. It also revealed that many shareholders has not knowledge of the impact of mergers and acquisitions. Above all, the researcher gave some recommendations, which would benefit the banking and all other investors if strictly adhered to.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The relevance of banks in the economy of any nation cannot be overemphasized. They are the cornerstones of the economy of a country. The economies of all market-oriented nations depend on the efficient operation of complex and delicately balance systems of money and credit. Banks are an indispensable element in these systems. They provide the bulk of the money supply as well as the primary means of facilitating the flow of credit."